$221,000
●
Condo -
Off Market
929 Morreene Road #C24
Durham, NC 27705
3 Beds
3 Baths
1,426 Ft²
$314,903
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
Great investment property on the 2nd floor! Close to Duke and on
the bus line! Rents for $1850/mo. Large living room, dining room,
sunroom and 3 bedrooms, each has its own bathroom. Kitchen with
breakfast bar, dishwasher, range and good cabinet space. Sprinkler
system. Hardwoods throughout with carpet in the bedrooms. Currently
leased and ready for an investor!
Unit Size
1,426 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
Condo
Property Taxes
$181
HOA Dues
$268
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #2275650)
Price History
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Parking Lot
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Washer
Flooring Type: Carpet, Hardwood
Laundry Features: Laundry Closet
Rooms: 7
Exterior Details
Square Footage: 1426
Architectural Style: Traditional, Transitional
Year Built: 2004
Above Grade Finished Area: 1426Square Feet
Building Area Total: 1426
Levels: One
Building Area Units: Square Feet
Construction Materials: Fiber Cement
Foundation: Slab
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $2,173
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure
HOA Fee: $268
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Electric, Forced Air, Heat Pump
Sewer : Public Sewer
Community & neighborhood Details
Region: Durham
Subdivision: Partners Place
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/25/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$330,000
3 Bed
3 Bath
1426 ft²
|
$303,334
-8.08%
10/20/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/25/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$320,000
3 Bed
3 Bath
1426 ft²
|
$303,334
-5.21%
10/20/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/25/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$325,000
3 Bed
3 Bath
1426 ft²
|
$303,334
-6.67%
10/20/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/03/2025
|
3 Bed
|
3 Bath
|
1428 ft²
|
$325,000
3 Bed
3 Bath
1428 ft²
|
$325,000
06/25/2025
|
Muffin Dixon
Hodge & Kittrell Sotheby's International Realty
| |
|
02/12/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$325,000
3 Bed
3 Bath
1426 ft²
|
$320,000
-1.54%
04/02/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
01/02/2025
|
3 Bed
|
3 Bath
|
1426 ft²
|
$360,000
3 Bed
3 Bath
1426 ft²
|
$308,000
-14.44%
03/19/2025
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
07/25/2024
|
3 Bed
|
3 Bath
|
1424 ft²
|
$340,000
3 Bed
3 Bath
1424 ft²
|
$320,000
-5.88%
08/15/2024
|
Linda Nuxoll
EXP Realty LLC
| |
|
06/06/2023
|
3 Bed
|
3 Bath
|
1448 ft²
|
$325,000
3 Bed
3 Bath
1448 ft²
|
$310,000
-4.62%
06/28/2023
|
Jose Serrano
RE/MAX United
| |
|
04/19/2022
|
3 Bed
|
3 Bath
|
1425 ft²
|
$330,000
3 Bed
3 Bath
1425 ft²
|
-
-
|
Jia Liu
Prestige Properties Group
| |
|
10/21/2021
|
3 Bed
|
3 Bath
|
1426 ft²
|
$265,000
3 Bed
3 Bath
1426 ft²
|
$280,000
+5.66%
11/30/2021
|
May Huang
RE/MAX United
| |
|
06/04/2021
|
3 Bed
|
3 Bath
|
1426 ft²
|
$267,024
3 Bed
3 Bath
1426 ft²
|
$267,024
07/15/2021
|
Yang Yuan
CHK Realty
| |
|
08/07/2020
|
3 Bed
|
3 Bath
|
1431 ft²
|
$228,000
3 Bed
3 Bath
1431 ft²
|
$222,000
-2.63%
09/18/2020
|
Jeff Goldman
501 Nest Realty
| |
|
06/09/2020
|
3 Bed
|
3 Bath
|
1450 ft²
|
$212,000
3 Bed
3 Bath
1450 ft²
|
$203,500
-4.01%
08/31/2020
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
06/04/2020
|
3 Bed
|
3 Bath
|
1448 ft²
|
$238,000
3 Bed
3 Bath
1448 ft²
|
$232,000
-2.52%
07/24/2020
|
Jack Yen
Fathom Realty NC, LLC
| |
|
05/06/2020
|
3 Bed
|
3 Bath
|
1426 ft²
|
$238,000
3 Bed
3 Bath
1426 ft²
|
$225,000
-5.46%
07/29/2020
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
04/02/2020
|
3 Bed
|
3 Bath
|
1426 ft²
|
$230,000
3 Bed
3 Bath
1426 ft²
|
$220,000
-4.35%
05/29/2020
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
03/19/2020
|
3 Bed
|
3 Bath
|
1426 ft²
|
$215,000
3 Bed
3 Bath
1426 ft²
|
-
-
|
-
| |
|
02/06/2020
|
3 Bed
|
3 Bath
|
1450 ft²
|
$207,500
3 Bed
3 Bath
1450 ft²
|
$212,000
+2.17%
03/30/2020
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
01/21/2020
|
3 Bed
|
3 Bath
|
1446 ft²
|
$232,000
3 Bed
3 Bath
1446 ft²
|
$225,000
-3.02%
04/15/2020
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
10/24/2019
|
3 Bed
|
3 Bath
|
1426 ft²
|
$230,000
3 Bed
3 Bath
1426 ft²
|
$225,000
-2.17%
01/03/2020
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
08/29/2019
|
3 Bed
|
3 Bath
|
1426 ft²
|
$215,000
3 Bed
3 Bath
1426 ft²
|
$221,000
+2.79%
10/04/2019
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
01/05/2019
|
3 Bed
|
3 Bath
|
1425 ft²
|
$187,500
3 Bed
3 Bath
1425 ft²
|
$193,000
+2.93%
02/25/2019
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
10/24/2018
|
3 Bed
|
3 Bath
|
1426 ft²
|
$190,000
3 Bed
3 Bath
1426 ft²
|
$191,000
+0.53%
11/20/2018
|
Johnathan Howard
Berkshire Hathaway HomeService
| |
|
03/10/2018
|
3 Bed
|
3 Bath
|
1372 ft²
|
$185,000
3 Bed
3 Bath
1372 ft²
|
$180,000
-2.70%
05/11/2018
|
Brooks Brittingham
Berkshire Hathaway HomeService
| |
|
10/01/2017
|
3 Bed
|
3 Bath
|
1426 ft²
|
$176,500
3 Bed
3 Bath
1426 ft²
|
$176,500
10/26/2017
|
Delynda Cook
DeLynda Realty LLC
| |
|
09/02/2017
|
3 Bed
|
3 Bath
|
1426 ft²
|
$174,900
3 Bed
3 Bath
1426 ft²
|
$173,000
-1.09%
09/26/2017
|
Delynda Cook
DeLynda Realty LLC
| |
|
07/16/2017
|
3 Bed
|
3 Bath
|
1426 ft²
|
$169,900
3 Bed
3 Bath
1426 ft²
|
$169,900
08/10/2017
|
Buck Dickerson
Dickerson Brady Realty, Inc.
| |
|
03/25/2017
|
3 Bed
|
3 Bath
|
1372 ft²
|
$167,000
3 Bed
3 Bath
1372 ft²
|
$160,000
-4.19%
05/03/2017
|
Kevin Davis
RE/MAX Preferred Properties
| |
|
10/31/2016
|
3 Bed
|
3 Bath
|
1372 ft²
|
$163,000
3 Bed
3 Bath
1372 ft²
|
$158,000
-3.07%
03/31/2017
|
Mike Tao
Dunlap Lilley Properties
| |
|
07/12/2016
|
3 Bed
|
3 Bath
|
1426 ft²
|
$169,000
3 Bed
3 Bath
1426 ft²
|
$154,000
-8.88%
10/07/2016
|
Hannah Chan
Cary-Raleigh Realty, Inc.
| |
|
03/11/2016
|
3 Bed
|
3 Bath
|
1400 ft²
|
$159,900
3 Bed
3 Bath
1400 ft²
|
$149,000
-6.82%
04/26/2016
|
Bruce Clayton
Griffin Associates REALTORS
| |
|
09/21/2015
|
3 Bed
|
3 Bath
|
1426 ft²
|
$150,000
3 Bed
3 Bath
1426 ft²
|
$147,000
-2.00%
11/09/2015
|
Susan Richter
Berkshire Hathaway HomeService
| |
|
08/16/2014
|
3 Bed
|
3 Bath
|
1426 ft²
|
$150,000
3 Bed
3 Bath
1426 ft²
|
$145,000
-3.33%
06/22/2015
|
Muffin Dixon
Hodge & Kittrell Sotheby's International Realty
| |
|
08/25/2013
|
3 Bed
|
3 Bath
|
1426 ft²
|
$185,000
3 Bed
3 Bath
1426 ft²
|
$150,000
-18.92%
12/28/2015
|
Paula Walls
Howard Perry & Walston Realty
| |
|
01/01/2013
|
3 Bed
|
3 Bath
|
1426 ft²
|
$144,900
3 Bed
3 Bath
1426 ft²
|
$136,000
-6.14%
01/20/2015
|
Paula Walls
Howard Perry & Walston Realty
|
Building Info
About Durham
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Listed by: Susan A Richter, Berkshire Hathaway HomeService
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2275650
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2275650
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